Flooding in the suburbs of Halifax, July 2023. The region received as much rainwater in one day as the three-month average.
Pierre Philippe LeBlanc (View profile)Pierre Philippe LeBlanc
Voice synthesis, based on artificial intelligence, makes it possible to generate spoken text from written text.
In the Atlantic, three particular weather events in 2023 caused insured losses estimated at 455 million dollars, according to industry data recognized by the Insurance Bureau of Canada.
These are the following events:
They are part of a list of nine noteworthy severe weather events in 2023 released this week by the Insurance Bureau of Canada, a national organization that represents private insurers.
Open in full screen mode
Forest fire damage in Upper Tantallon, Nova Scotia, May 29, 2023.
Altogether in Canada in 2023, these nine weather events caused insured losses of more than $3.1 billion.
LoadingFormer NDP leader Ed Broadbent is dead
Former NDP leader Ed Broadbent is dead
ELSE ON NEWS: Former NDP leader Ed Broadbent is dead
This is the second year in a row that this type of insured loss has cost more than $3 billion, according to the industry.
All of this has implications for insurance premiums across the country, according to New Brunswick insurance consumer advocate Michèle Pelletier.
Unfortunately, when there are big, catastrophic losses like that, insurers will want to try to recover their money. It is certain that where these disasters occurred, these policyholders will pay even more, but it will be distributed. We're going to see some at home too, explains Michèle Pelletier during an interview given Thursday to ICI Acadie's La matinale show.
Bad weather and insured damage:& ;nbsp;will premiums increase?.SHOW HERE PREMIERE.La matinale.
Bad weather and insured damage: will premiums increase?
BROADCAST HERE PREMIERELa matinale
Listen to the audio (Bad weather and insured damage:  ;will premiums increase?. 8 minutes 10 seconds)
Michèle Pelletier emphasizes that insurers in Canada do not have any rules to follow to establish their pricing for home and business insurance. The insurer can decide to increase, decrease, modify its rules without asking anyone's permission.
Insurers can also outright refuse to cover a risk that they consider too high.
Michèle Pelletier gives the example of coverage for water damage. This coverage, she points out, is generally not part of a regular home insurance policy. Consumers can have it added to their coverage, but be careful, it may be limited.
The majority of insurance companies, if I have had a claim [for water damage], will say that it's okay, that we will pay this one, but next time, you won't are more confident. We are going to remove this risk. If I have already had a complaint, on the second one I risk finding myself having to pay to renovate my house, illustrates Ms. Pelletier.
Open in full screen mode
Michèle Pelletier is an insurance consumer advocate in New Brunswick. (Archive photo)
Michèle Pelletier advises consumers to never hesitate to check if it is more advantageous for them to change insurer. She recommends that they ask questions and compare premiums, the extent of coverage and the deductible, i.e. the portion of damages that policyholders must pay for themselves.
Pierre Philippe LeBlanc (View profile)Pierre Philippe LeBlancFollow
